NZD/USD technical analysis ► review of the major events that will move the New Zealand dollar (kiwi) during the week.
The New Zealand dollar was falling quite a bit on growing speculation for a rate cut by the RBNZ. Three events are lined up this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The Reserve Bank of New Zealand published a special assessment of the economy and it seems they are ready to cut. This joins a weaker than expected CPI release, showing prices advanced only 0.4% in Q1. The steady milk prices did not help, nor did the OK US data. All in all, it was a bad week for kiwi/dollar. NZD/USD daily graph with support and resistance…Get the 5 most predictable currency pairs